not sure you've noticed everybody with a brain has been saying this would go down since that offering started, and will continue to go down until it's over. and yet it has, by about 70% no less. there goes your logic (which in itself, isn't a bad logic; it is bad logic however, when someone is selling over 100M shares in a 30M float in three weeks though. it's like standing in the sea and you keep saying to yourself: surely this wave will be the last. uhm, no, it won't be.).